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Is Microsoft Corporation (MSFT) a Top AI Play on Azure Growth and Memory Supply Deal [Yahoo! Finance]
Last microsoft corporation earnings: 4/29 04:06 pm
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According to the research firm, the company is well-positioned to benefit from rising public cloud spending. Is Microsoft Corporation (MSFT) a Top AI Play on Azure Growth and Memory Supply Deal Asif Islam / Shutterstock.com Customer expectations for public cloud spending were up 3 points in the first quarter from the fourth quarter and up by 14 points compared to the same quarter last year. Amid the increase, a KeyBanc survey indicates that 85% of respondents are on track to increase their spending on the company's cloud offerings on Azure . In addition, Microsoft continues to lead in AI workload security adoption. Similarly, Microsoft is on the cusp of a long-term memory supply agreement with SK Hynix. The deal will allow the company to gain access to sufficient memory over the next five years to address concerns about component availability for data center expansion. Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops, licenses, and supports a
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